A.C.E. RACKET OG TRENINGSSENTER AS: årsregnskap 2020 vs 2019
Weaker earnings
approved 2021-08-20; registry 2021-09-20; journal 2021 770519
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A.C.E. RACKET OG TRENINGSSENTER AS. Revenue 4.79m NOK → 4.90m NOK (+2.3%). Net result -294.8k NOK → -517.3k NOK. Equity -784.5k NOK → -1.30m NOK.
On the constructive side: revenue rose; current ratio back above 1×. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for A.C.E. RACKET OG TRENINGSSENTER AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.79m NOK to 4.90m NOK (+2.3% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.65× → 1.52×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +179.5k NOK → -116.5k NOK (op. margin 3.7% → -2.4%). Calculated
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↓
Net result weakened
Net result -294.8k NOK → -517.3k NOK (net margin -6.2% → -10.6%). Calculated
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↓
Equity eroded
Book equity -784.5k NOK → -1.30m NOK (equity ratio -8.2% → -14.2%). Calculated
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↓
Cash fell
Bank deposits 203.5k NOK → 147.9k NOK (-27.3% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -14.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 498.4k NOK → 625.7k NOK (+25.5% YoY). Calculated